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NYSE: ALE
Allete Inc Stock Forecast, Predictions & Price Target

Analyst price target for ALE

Based on 3 analysts offering 12 month price targets for Allete Inc.
Min Forecast
$58.00-8.95%
Avg Forecast
$61.33-3.72%
Max Forecast
$67.00+5.18%

Should I buy or sell ALE stock?

Based on 3 analysts offering ratings for Allete Inc.
Hold
Strong Buy
0 analysts 0%
Buy
0 analysts 0%
Hold
3 analysts 100%
Sell
0 analysts 0%
Strong Sell
0 analysts 0%

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ALE stock forecasts by analyst

Analyst / FirmRatingActionPrice TargetUpside/DownsideDateAnalyst Color
lockedlocked$00.00+00.00%2024-05-16
lockedlocked$00.00+00.00%2024-02-21
lockedlocked$00.00+00.00%2024-01-22

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Forecast return on equity

Is ALE forecast to generate an efficient return?
Company
8.7%
Industry
17.97%
Market
62.17%
ALE's Return on Equity is... subscribe to Premium to read more.
Forecast High Return on Equity Forecast

Forecast return on assets

Is ALE forecast to generate an efficient return on assets?
Company
3.72%
Industry
3.11%
ALE is forecast to generate... subscribe to Premium to read more.
Forecast Return on Assets vs Industry Forecast

ALE earnings per share forecast

What is ALE's earnings per share in the next 3 years based on estimates from 1 analyst?
Avg 1 year Forecast
$3.75-10.29%
Avg 2 year Forecast
$4.02-3.83%
Avg 3 year Forecast
$4.26+1.91%
ALE's earnings are forecast to... subscribe to Premium to read more.
Forecast High Earnings Growth Forecast

ALE revenue forecast

What is ALE's revenue in the next 3 years based on estimates from 1 analyst?
Avg 1 year Forecast
$1.9B+12.48%
Avg 2 year Forecast
$2.0B+14.52%
Avg 3 year Forecast
$2.0B+17.69%
ALE's revenue is forecast to... subscribe to Premium to read more.
Forecast High Revenue Growth Forecast

ALE earnings growth forecast

How is ALE forecast to perform vs Utilities - Diversified companies and vs the US market?
Company
-2.05%
Industry
48.81%
Market
20.44%
ALE's earnings are forecast to... subscribe to Premium to read more.
Forecast Earnings Growth vs Industry Forecast
ALE's earnings are forecast to... subscribe to Premium to read more.
Forecast Earnings Growth vs Market Forecast
ALE's earnings are forecast to... subscribe to Premium to read more.
Forecast Earnings Growth vs Savings Rate Forecast

ALE revenue growth forecast

How is ALE forecast to perform vs Utilities - Diversified companies and vs the US market?
Company
7.19%
Industry
8.97%
Market
10.56%
ALE's revenues are forecast to... subscribe to Premium to read more.
Forecast Revenue Growth vs Industry Forecast
ALE's revenues are forecast to... subscribe to Premium to read more.
Forecast Revenue Growth vs Market Forecast

ALE vs Diversified Utility Stocks

TickerPricePrice TargetUp/downsideConsensus
ALE$63.70$61.33-3.72%Hold
OTTR$92.75N/AN/A
BKH$57.68$58.25+0.99%Hold
NWE$52.55$50.50-3.90%Sell
ELP$7.24N/AN/A

Allete Stock Forecast FAQ

Is Allete Stock a good buy in 2024, according to Wall Street analysts?

The consensus among 3 Wall Street analysts covering (NYSE: ALE) stock is to Hold ALE stock.

Out of 3 analysts, 0 (0%) are recommending ALE as a Strong Buy, 0 (0%) are recommending ALE as a Buy, 3 (100%) are recommending ALE as a Hold, 0 (0%) are recommending ALE as a Sell, and 0 (0%) are recommending ALE as a Strong Sell.

If you're new to stock investing, here's how to buy Allete stock.

What is ALE's earnings growth forecast for 2024-2026?

(NYSE: ALE) Allete's forecast annual earnings growth rate of -2.05% is not forecast to beat the US Utilities - Diversified industry's average forecast earnings growth rate of 48.81%, and while it is not forecast to beat the US market's average forecast earnings growth rate of 20.44%.

Allete's earnings in 2024 is $239,600,000.On average, 1 Wall Street analyst forecast ALE's earnings for 2024 to be $216,247,759, with the lowest ALE earnings forecast at $216,247,759, and the highest ALE earnings forecast at $216,247,759. On average, 1 Wall Street analyst forecast ALE's earnings for 2025 to be $231,817,597, with the lowest ALE earnings forecast at $231,817,597, and the highest ALE earnings forecast at $231,817,597.

In 2026, ALE is forecast to generate $245,657,454 in earnings, with the lowest earnings forecast at $245,657,454 and the highest earnings forecast at $245,657,454.

What is ALE's revenue growth forecast for 2024-2026?

(NYSE: ALE) Allete's forecast annual revenue growth rate of 7.19% is not forecast to beat the US Utilities - Diversified industry's average forecast revenue growth rate of 8.97%, and while it is not forecast to beat the US market's average forecast revenue growth rate of 10.56%.

Allete's revenue in 2024 is $1,718,200,000.On average, 1 Wall Street analysts forecast ALE's revenue for 2024 to be $111,449,481,574, with the lowest ALE revenue forecast at $111,449,481,574, and the highest ALE revenue forecast at $111,449,481,574. On average, 1 Wall Street analysts forecast ALE's revenue for 2025 to be $113,470,677,293, with the lowest ALE revenue forecast at $113,470,677,293, and the highest ALE revenue forecast at $113,470,677,293.

In 2026, ALE is forecast to generate $116,604,828,143 in revenue, with the lowest revenue forecast at $116,604,828,143 and the highest revenue forecast at $116,604,828,143.

What is ALE's forecast return on assets (ROA) for 2024-2026?

(NYSE: ALE) forecast ROA is 3.72%, which is higher than the forecast US Utilities - Diversified industry average of 3.11%.

What is ALE's Price Target?

According to 3 Wall Street analysts that have issued a 1 year ALE price target, the average ALE price target is $61.33, with the highest ALE stock price forecast at $67.00 and the lowest ALE stock price forecast at $58.00.

On average, Wall Street analysts predict that Allete's share price could fall to $61.33 by May 16, 2025. The average Allete stock price prediction forecasts a potential downside of 3.72% from the current ALE share price of $63.70.

What is ALE's Earnings Per Share (EPS) forecast for 2024-2026?

(NYSE: ALE) Allete's current Earnings Per Share (EPS) is $4.18. On average, analysts forecast that ALE's EPS will be $3.75 for 2024, with the lowest EPS forecast at $3.75, and the highest EPS forecast at $3.75. On average, analysts forecast that ALE's EPS will be $4.02 for 2025, with the lowest EPS forecast at $4.02, and the highest EPS forecast at $4.02. In 2026, ALE's EPS is forecast to hit $4.26 (min: $4.26, max: $4.26).

What is ALE's forecast return on equity (ROE) for 2024-2026?

(NYSE: ALE) forecast ROE is 8.7%, which is considered weak.
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